United States Paper Cups And Paper Plates Market To Be Driven By The Increasing Application Of The Products In Casual Events In The Forecast Period Of 2023-2028
The new report by Expert Market Research titled, ‘United States Paper Cups and Paper Plates Market Share, Size, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the United States paper cups and paper plates market, assessing the market based on its segments like product types, wall types, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): USD 22 billion
- Forecast CAGR (2023-2028): 0.7%
The increasing demand for paper cups and paper plates for casual dinners, picnics, or events is driving the market growth. Paper cups and paper plates are lightweight and easy to handle, which makes them ideal for long distance journeys. Moreover, the increasing use of paper cups and paper plates in hospitals, schools, and canteens, is anticipated to boost the market growth in the coming years.
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The market is anticipated to be augmented by the increasing inclination of Americans towards using eco-friendly containers for food items is expected to propel the market growth. Furthermore, the stringent regulations of the government in the country aimed at reducing the wastage by encouraging environment-friendly packaging are likely to bolster the demand for paper cups and paper plates in the forecast period.
United States Paper Cups And Paper Plates Industry Definition and Major Segments
Paper cups and paper plates are disposable products made of paper. They can accommodate solid or liquid food items and hot or cold beverages. In addition, the cups and plates are portable and flexible and are ideal for long journeys or small get-togethers. Furthermore, some of the advantageous properties of paper cups and paper plates are their recyclability and eco-friendliness.
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On the basis of product type, the United States paper cups market can be segmented into:
- Hot Paper Cups
- Cold Paper Cups
The United States paper cups market can be categorised based on wall type into:
- Single Wall
- Double Wall
Based on product type, the United States paper plates market has been bifurcated into:
- Heavy Duty Paper Plates
- Medium Duty Paper Plates
United States Paper Cups And Paper Plates Market Trends
The key trends in the paper cups and paper plates market include the rising demand for paper cups and paper plates from the food packaging industry owing to the thriving e-commerce industry.
Meanwhile, the rapid development of coffee shops, convenience stores, and fast-food stalls is anticipated to propel the demand for paper cups and paper plates in the forecast period. Moreover, the growing R&D activities by the major market players to produce paper cups and plates with superior design and more space for the accommodation of various food items are anticipated to provide impetus to the market in the coming years.
Key Market Players
The major players in the market are Dart Container Corporation, Graphic Packaging International, LLC, and Georgia-Pacific LLC, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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